Brokers Issue Forecasts for Polaris Industries Inc.’s Q3 2017 Earnings (PII)
Polaris Industries Inc. (NYSE:PII) – Equities researchers at Wedbush lifted their Q3 2017 earnings estimates for Polaris Industries in a report released on Monday. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $1.25 for the quarter, up from their previous forecast of $1.23. Wedbush has a “Neutral” rating and a $75.00 price objective on the stock.
PII has been the subject of a number of other research reports. BidaskClub lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets restated a “buy” rating and issued a $100.00 price target on shares of Polaris Industries in a research note on Thursday, April 27th. TheStreet upgraded shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Stifel Nicolaus lifted their price target on shares of Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.87.
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Polaris Industries (NYSE PII) opened at 88.43 on Wednesday. Polaris Industries has a one year low of $70.14 and a one year high of $99.16. The firm has a market cap of $5.53 billion, a PE ratio of 36.98 and a beta of 1.31. The stock has a 50 day moving average of $90.58 and a 200 day moving average of $86.94.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is 97.07%.
Institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont increased its position in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after buying an additional 673 shares during the period. IFP Advisors Inc increased its position in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after buying an additional 13 shares during the period. Ffcm LLC increased its position in shares of Polaris Industries by 4.3% in the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock valued at $112,000 after buying an additional 55 shares during the period. NEXT Financial Group Inc increased its position in shares of Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock valued at $121,000 after buying an additional 1,315 shares during the period. Finally, Mosaic Family Wealth LLC increased its position in shares of Polaris Industries by 4.1% in the first quarter. Mosaic Family Wealth LLC now owns 1,592 shares of the company’s stock valued at $133,000 after buying an additional 63 shares during the period. 93.65% of the stock is owned by institutional investors.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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